Havila Kystruten AS

Share Issue/Capital Change • Dec 22, 2022

Havila Kystruten AS: Key information relating to subsequent offering to be carried out by Havila Kystruten AS

Havila Kystruten AS: Key information relating to subsequent offering to be carried out by Havila Kystruten AS

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR

INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES OR ANY

OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE

UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE

SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange release by Havila Kystruten AS (the

"Company") on 21 December 2022 regarding completion of a private placement (the

"Private Placement") of new shares in the Company and that the Company is

considering a subsequent offering of up to 4,000,000 new shares at the same

subscription price as in the Private Placement (the "Subsequent Offering").

Date on which the terms and conditions of the Subsequent Offering were

announced:            21 December 2022

Last day including right:                                   21 December 2022

Ex-date:                                                              22

December 2022

Record date:                                                       23 December

2022

Maximum number of new shares:     4,000, 000 new shares

Subscription price:                              NOK 12.00 per share

Other information: The Subsequent Offering is subject to i) the resolution by

the Company's extraordinary general meeting, expected to be held on 29 December

2022, ii) the publication of a prospectus in appropriate form, and iii) the

prevailing market price of the Company's shares following the Private Placement.

The Board may decide that the Subsequent Offering will not be carried out in the

event that the Company's shares trade below the subscription price in the

Subsequent Offering at adequate volumes. The Subsequent Offering will not be

available for shareholders resident in a jurisdiction where such offering would

be unlawful, or for jurisdictions other than Norway, would require any filing,

registration or similar action.

This information is published in accordance with the requirements of the

Continuing Obligations, and published by Arne Johan Dale, CFO of Havila

Kystruten AS, on 22 December 2022 at 08:00 CET.